I have checked each section under the Positions tab to make sure activity is noted where applicable.
Here is the Summary for Swing, Long-term, and IRA accounts (personal):
– DM 9:00 AM CST
I exited a large % of the Earnings trades this week (usually the design when using monthly options). I performed a post-trade review – the usual practice – and here is a brief look at the performance of the exited trades:
– DM 2:00 PM CST
On 4/6 I posted the following Earnings Trade Idea for $GBX:
The stock is up nearly 5% as of this post, hitting a high of $64.71 today. Now let’s see how the Options pieces look from the Trade Idea:
Long April 60/65 1×2 Call Ratio: 4.00/.90 (so you can close for a $2.20 credit)
Short April 55 Put Calendar: .80/.05 (so you can close for a $.75 debit)
Net if you close all pieces is +$1.45
If I had done this trade I would at least close the Long Call Spread here. I would leave the Put Calendar for now as I would not mind owning at $55 at May expiration.
Herbalife $HLF I am Long the 45/43 1×2 Put Ratio and Short stock at $43 (hedge). I will let the Long PS auto-exercise for +2.00 and the remaining Short $43 Puts will assign, closing the Short stock at B/E. Options Net final will be: $2.08
ProShares Ultrashort 20+ Year Treasury $TBT I am short the $45 Calls (covered). I will adjust to future expiration today (2 weeks out likely) for a credit, try to boost the Options Net above $2.00
It has been a while since I’ve had much to talk about with this particular Trading approach. I have had some activity in March so I’ll do a review:
$CAPN This was a new short stock trade on 3/4 at $9.15 & it hit a Stop at 6.00 on 3/11 (closed)
$CRMD This was a new short stock trade on 3/11 at 9.00 & hit a Stop at 7.50 on 3/12 (closed)
$EYES This was a new short stock trade on 3/9/2015 & has a Stop set at $14.90 (hod on 3/13)
As a refresher: I scan for stocks that are “50% above the 50 SMA” as a starting place. I view these as VERY extended.
Last full update can be reviewed here.
Netflix $NFLX I remain Long stock at $345 with Short January 2016 $450 Calls (covered calls). I am Long the April 02w 470/440/420 1×2 Split Put Ratio (stock protection). No change
Google $GOOGL I am Long stock at $525 (as of 3/6, let L Calls exercise) and Short the Sep $550 Calls (covered calls). Activity this week
Centene $CNC I am Long stock at $56 (2x size) and Short the Mar $60 Calls (covered calls, 2x size). No change this week
Twitter $TWTR I am Long stock at $41.99 with Short June $45 Calls (covered calls). No change this week
Buffalo Wild Wings $BWLD I am Long the Mar 190/200/210 Call Fly and Short the June $195 Calls. No change this week
Boston Beer $SAM I am Long the 260/270/280/290 Call Fly. No change this week
MercadoLibre $MELI I am Short the Mar 135/140 Cs & 130/125 PS. No change this week
Air Methods $AIRM I am Long the Mar 45/50/55 1×2 Split Call Ratio. Activity this week
AutoZone $AZO I am Short the Mar 690/620 Strangle (new)
Cooper Companies $COO I am Long the Mar 170/175/180 Call Fly with Short $155 Puts (new)